Earn Superior Returns With This Undervalued Energy Services Stock

By Bret Jensen:Despite the current six-month old rally, stocks in the energy sector are still popping up on my value screens. One stock with solid valuations and superior growth prospects is below.Superior Energy Services (SPN) - "Superior Energy Services, Inc. provides specialized oilfield services and equipment to serve the production and drilling-related needs of oil and gas companies. It operates through three segments: Subsea and Well Enhancement, Drilling Products and Services, and Marine." (Business Description from Yahoo Finance).7 Reasons to pick up Superior at $29 a share:

Superior is predicted to have rapid earnings growth. The company made $2.09 in FY2011, it is expected to earn $3.31 in FY2012 and analysts project $4.02 in earnings for FY2013.

The company has double revenue from FY2006 to FY2011. Analysts expect this growth to continue and have 17% growth in revenue tagged for FY2013.

By Bret Jensen:One of the energy stocks in my portfolio, Superior Energy Services (SPN), has performed much better lately. This cheap oil services firm has also picked up some positive catalysts that should continue to push the shares higher.Recent positives for Superior:

By Bret Jensen:Insiders are selling shares at the fastest pace since July 2011 and bargains are getting harder to come by after a five month rally in the market. However, here are three stocks with recent insider buying that are significantly under analysts' consensus price targets.
Shoretel (SHOR):

By Bret Jensen:Although finding undervalued stocks remains challenging after almost six months of a significant rally, there are still a few firms that continue to pop up on my value screens. One that is reasonably valued, has good growth prospects and is starting to receive upgrades is below.

By Bret Jensen:I recently came across a stock called Methode Electronics (MEI) that has a lot of qualities I love to find in a small cap stock. Among these are a solid dividend yield, cheap valuations and recent insider buying.

By Bret Jensen:The market has had a great run over the last five months or so. Unfortunately, my value screens are turning up much fewer deep bargains that they were last October. One stock that continually shows up as deeply undervalued and has not participated in the rally so far this year is Halliburton (HAL)7 reasons HAL is a great buy at $35 a share:

By Bret Jensen:I continue to find some bargains in the energy sector. Valuations are reasonable, oil prices are at high levels and the amount of technology needed to get one barrel of oil out of the ground keeps increasing. Another stock that looks cheap based on expected growth is Nabors Industries (NBR). 6 reasons NBR is a bargain at $20 a share:

By Bret Jensen:Finding value in a market in the midst of an extended (I would say overextended) rally is getting more difficult. I have started to look at stocks that have not participated in this rally for possible investments. Super Micro Computer (SMCI) has been hard hit since mid-July when it reported earnings and gave guidance that came in slightly lower than the consensus range.

By Bret Jensen:Very few sectors of the market have had a rougher six months than the medical device makers. Many are down 30% or more since spring. Many stocks are now selling at the very bottom of their five year valuation ranges, are significantly under analysts’ price targets and appear to have solid technical support. Here are two that I like at these price levels.